Israelis and Arabs to Promote 'Peace Oil'
The main problem Arab olive growers face is a lack of market for their produce, which results in large surpluses. Domestic consumption is 14,000 tons of olive oil a year. Another 5,000 tons is sold to Israel, and 2,000-3,000 tons to Arab countries. The rest remains unsold in warehouses. Jordan, which imported olive oil from the PA for years, has become a competitor, exporting 900 tons a year to Israel, duty free.
Israel Olive Oil Board director general Amin Hasan said that Israel and the Arabs were also cooperating in joint pesticide research, and in a venture to try to produce electricity from olive waste, financed by Europe.